A step-by-step guide to making benefits decisions

July 13, 2021

Employer Agreements open July 19. Follow these steps to make sure you consider all the choices that are right for your organization — and your employees. Plus, new features help make submitting your 2022 Agreement even easier.

Your 2022 Employer Agreement will be open July 19 through October 8, 2021, on Benefits Connect and is set up to help guide you through the steps to making benefits decisions. It's as easy as 1-2-3. Remember: At each step, click on each benefit group to make sure you are making a choice for that benefit for each group.

  1. Start Here. You asked for a quick way to offer your current options for 2022, and a new feature lets you do exactly that. If you want to offer the same benefits to the same groups and employees for 2022, choose the No Changes to Employer Agreement button. You will be taken to the Review & Submit page showing your current benefits offerings with 2022 costs. Review carefully to make certain the choices are still right for your organization and click Submit. Once you submit a 2022 Employer Agreement, you will no longer see this button on the Start Here page.
  2. Manage Groups/Select Packages. Take the opportunity to make certain that your benefit groups are still right for you. Consider enrolling eligible ministers not in Pastor's Participation in Minister's Choice if they aren't already; 10 percent of effective salary provides top-tier defined benefit, death and disability, and temporary disability benefits that cannot be duplicated in the marketplace.
  3. Retirement Programs. Remember that you can offer any employee the opportunity to save in the Retirement Savings Plan of the Presbyterian Church (U.S.A.). There is no work hours requirement, no cost to employers, and low fees for employees.
  4. Financial Protection Programs. You may want to take a fresh look at the Financial Protection Programs that were new in 2021. Adding one or more might add value to your overall benefits offerings without increasing costs. For example, the Temporary Disability Plan can be offered to any employee working at least 20 hours a week and can be 100 percent employee-paid.
  5. Health Programs. This page links to medical, dental, and vision eyewear options. You'll see a new feature on the medical page; a link to a spreadsheet that makes doing the math for employer contributions easy. The contribution spreadsheet lets you enter the dollar amounts you want to pay toward medical coverage and provides the contribution percentage you need to enter on the medical page.
    Important: if you want to offer medical coverage to employees or groups who do not currently have it, you must call the Board of Pensions for accurate costs. The costs for medical coverage shown may not accurately reflect all employees eligible for coverage.
  6. Tax-advantaged Accounts. Flexible spending and health savings accounts can help your employees save money in taxes while also paying for healthcare and/or dependent care expenses. As the employer, you may also save in certain payroll taxes for participating employees.
  7. Review & Submit. This page shows all your organization's benefit groups, choices, and costs. It also highlights groups that might be eligible for a benefit but who have not been offered it. Take a few minutes to make certain that everything is correct, and that you are offering benefits choices that meet the needs of your organization and your employees.

Remember, you can submit as many Employer Agreements as you want through October 8, 2021. The latest submission as of October 8 will be your final 2022 Agreement.

Need more information or guidance selecting the best options for you and your employees? Call the Board of Pensions at 800-773-7752 (800-PRESPLAN).